Pre-owned Update: U.S. Market Recovers Slowly, as Europe Stumbles
Source: Jetnet
Source: Jetnet

By most accounts the fourth quarter of last year was active. While not atypical for that period, the activity was a good sign for the market that tradition seems to be intact, or at least reestablished after being pushed off course a few years ago. With the U.S. economy doing incrementally better, the hope is that this activity will spill into the first quarter and beyond. Many eyes now are cast upon Europe, where last month S&P lowered its credit ratings on nine nations. Though the move was widely expected, it’s clearly not going to have a positive effect on jet sales for the region, which has been experiencing an uptick in inventory over the past year.